MU – Bullish Over $41.95
MU (Micron Technology), Bullish over $41.95 The MU Chart saw a little profit taking in September then the Bulls came back in with a Bull Kicker. A small run accrued followed by bullish consolidation. The past 3 bars have formed a bullish Morning Star closing back over the T-Line.
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34-Rising Trend • Bull Kicker •Bullish rectangle• Bullish Morning Star • 24 day V-Stop Run.
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The SPY closed yesterday with a Doji inside day that suggests indecision. The T-line trend remains bullish as well as the J-Hook continuation chart pattern. On the 2-day chart, the price has closed above the V-Stops and the upper T-Line Band for the past 22 days. I am hearing about a few traders starting to short, be very careful shorting when the market is such a Bull.
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